BCE Inc. (BCE) Given New C$64.00 Price Target at National Bank Financial
BCE Inc. (TSE:BCE) (NYSE:BCE) had its price target lifted by National Bank Financial from C$61.00 to C$64.00 in a research report sent to investors on Friday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for BCE’s FY2019 earnings at $3.65 EPS.
Several other brokerages have also recently commented on BCE. Royal Bank Of Canada boosted their target price on shares of BCE from C$61.00 to C$62.00 and gave the company a sector perform rating in a research report on Friday. Citigroup Inc upped their price objective on shares of BCE from C$65.00 to C$66.00 in a research report on Friday. J P Morgan Chase & Co lowered their price objective on shares of BCE from C$66.00 to C$65.00 and set an overweight rating for the company in a research report on Friday, August 4th. TD Securities lowered their price objective on shares of BCE from C$59.00 to C$58.00 and set a hold rating for the company in a research report on Monday, September 25th. Finally, Scotiabank lowered their price objective on shares of BCE from C$61.00 to C$60.00 and set a sector perform rating for the company in a research report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of C$62.62.
Shares of BCE (TSE BCE) traded up C$0.11 during trading hours on Friday, hitting C$60.58. 956,628 shares of the stock traded hands, compared to its average volume of 1,160,000. BCE has a one year low of C$56.80 and a one year high of C$63.00.
BCE (TSE:BCE) (NYSE:BCE) last issued its earnings results on Thursday, August 3rd. The company reported C$0.88 EPS for the quarter, beating the consensus estimate of C$0.87 by C$0.01. The company had revenue of C$5.70 billion during the quarter, compared to analysts’ expectations of C$5.62 billion. BCE had a net margin of 14.23% and a return on equity of 20.64%.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a $0.717 dividend. This represents a $2.87 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, December 14th.
In other BCE news, Director Katherine M. Lee purchased 2,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of C$58.91 per share, for a total transaction of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total transaction of C$385,331.40.
BCE Company Profile
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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